Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading 4.1% Higher – Still a Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price rose 4.1% during trading on Monday . The company traded as high as $45.23 and last traded at $45.25. Approximately 1,731,148 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 6,766,531 shares. The stock had previously closed at $43.45.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Price Performance

The business has a 50 day moving average price of $41.33 and a 200 day moving average price of $47.59.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in the company. GTS Securities LLC grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 31.3% during the fourth quarter. GTS Securities LLC now owns 99,841 shares of the company’s stock worth $3,991,000 after buying an additional 23,809 shares in the last quarter. Tidal Investments LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth about $5,215,000. Morse Asset Management Inc grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the fourth quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock worth $100,000 after buying an additional 2,480 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 157.0% during the fourth quarter. IHT Wealth Management LLC now owns 25,700 shares of the company’s stock valued at $1,027,000 after purchasing an additional 15,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock valued at $120,000 after purchasing an additional 2,015 shares in the last quarter.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bull 3X Shares, seeks daily investment results of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market.